Property

The government is planning to improve the provision that establishes a three-year exemption from rental tax for short-term rental properties if they are transferred to long-term leases.

The suspect had been allegedly paying rent to the owners of the warehouse. He was brought earlier on Thursday to the offices of the police counter-terrorism unit to be questioned.

According to information from Kathimerini, the suspect is a philologist who worked at a tutoring center.

The government is reviewing the provision for a three-year income tax exemption for vacant properties and those withdrawn from short-term rentals. Concerns have been raised during the public consultation phase that the current requirements are too stringent and may reduce the measure’s effectiveness.

Companies, organizations, and other legal entities will soon be able to carry out property transfers entirely online, saving time and simplifying procedures.

The government, through the Ministry of Digital Governance, is speeding up the transition to a fully digital system for all real estate transactions.

The activity of renting out property short-term in the most popular parts of the center of Athens is rapidly evolving into a field for professionals.

More than 900,000 properties remain vacant and underutilized across Greece, according to real estate experts. Many of these properties are tied up in legal disputes, owned by the government, banks or institutional creditors.

A breath of relief for tens of thousands of property owners is brought by new legislation affecting transfers of real estate, providing solutions to purchases, parental transfers and inheritances that were “frozen” because the civil engineer measured the property differently from what is recorded in the contract!

From January 1, 2025, new restrictive measures for Airbnb properties will take effect (including a freeze on new licenses in Athens’ 1st, 2nd, and 3rd districts). The three-year tax exemption for closed properties, however, begins today and will be available until the end of the following year.

As rampant inflation eats into people's purchasing power, more and more consumers are turning to rent items they need instead of buying them.

This trend has become popular among consumers in many countries and Türkiye is no exception.

The size of global consumer rental market was around $2 trillion in 2023.

At 1,900 euros a month, the rent was not cheap. But Alicia Bocuñano still felt fortunate to find an apartment on Ibiza at that price. As a taxi driver pulling 16-hour days, Bocuñano, a single mother who grew up on this Spanish island, figured that a surplus from the busy summer months might be enough to make the rent.